Welcome to our dedicated page for Hawaiian Electri news (Ticker: HAWEN), a resource for investors and traders seeking the latest updates and insights on Hawaiian Electri stock.
Hawaiian Electric Industries, Inc. (HEI) powers Hawaii's progress as the state's primary electricity provider and financial services leader. This dedicated news hub delivers official updates from HEI's electric utilities and American Savings Bank, offering stakeholders timely insights into operational developments.
Access curated press releases and announcements covering quarterly earnings, regulatory filings, and renewable energy initiatives. Track strategic moves across HEI's dual business lines, from grid modernization projects to community banking services. Our aggregation ensures equal relevance for investors analyzing financial performance and residents monitoring local impact.
All content undergoes verification against primary sources to maintain accuracy required for energy sector analysis. For comprehensive tracking of HEI's role in Hawaii's sustainable future, bookmark this page for regular updates.
Hawaiian Electric Industries, Inc. (HEI) is set to announce its first quarter 2023 financial results on May 9, 2023. The company will hold a conference call at 10:15 a.m. Hawaii time to discuss consolidated earnings and 2023 guidance. American Savings Bank, a subsidiary of HEI, will report its results on April 28, 2023. Investors can access the call through a dial-in number or by visiting HEI's website. The replay of the call will be available online for an extended period after the event. HEI, along with Hawaiian Electric, aims to keep investors informed via its website and SEC filings. The company plays a crucial role in Hawaii's economy, providing energy and financial services while focusing on sustainable initiatives.
Hawaiian Electric Industries (HEI) reported a consolidated net income of $241.1 million for 2022, with a diluted EPS of $2.20, down from $246.2 million and $2.25 in 2021. The utility achieved strong financials amid regulatory changes and inflation challenges, including the transition to a coal-free energy source. The quarterly dividend increased to $0.36 per share. Notably, American Savings Bank (ASB) saw a significant 15% growth in loans, despite a net income drop to $80 million from $101.2 million. The bank's credit quality remained strong with the lowest net charge-off ratio since 2014.
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